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File #: 161318    Version: 1 Name: Grant Agreement - Preservation of Affordable Housing Units - Bayside Village Associates, L.P. - Bayside Village Apartments (3 Bayside Village Place) - $21,680,000
Type: Resolution Status: Passed
Introduced: 12/6/2016 In control: Clerk of the Board
On agenda: Final action: 2/3/2017
Enactment date: 2/3/2017 Enactment #: 018-17
Title: Resolution approving an agreement with Bayside Village Associates, L.P., to preserve 70 affordable housing units at Bayside Village Apartments (3 Bayside Village Place) in an amount not to exceed $21,680,000 and authorizing the Director of the Mayor’s Office of Housing and Community Development to execute the agreement on behalf of the City and County of San Francisco to prevent the displacement of 172 existing low and moderate-income households residing at the Bayside Village Apartments and creating permanent affordability restrictions for 70 of these units to remain affordable to households earning up to 120% of average median income.
Sponsors: Mayor, Jane Kim
Attachments: 1. Leg Ver1, 2. DRAFT Grant Agrmt and Exhibits, 3. Bdgt Analyst Rpt 011117, 4. Comm Pkt 011117, 5. Form 126, 6. Form 126 attachment, 7. Board Pkt 012417, 8. Leg Final
Legislation Details
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